ACE Act

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

R BurlisonSponsor

9 cosponsors · 9 R

1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

This bill modifies provisions of qualified tuition programs (i.e., 529 plans) and provides other tax incentives to promote education.

What it does: CRS summary · Introduced in House · Dec 14, 2023

Achieving Choice in Education Act or the ACE Act

This bill modifies provisions of qualified tuition programs (i.e., 529 plans) and provides other tax incentives to promote education.

Specifically, the bill expands the definition of qualified higher education expense to include tuition, books or instructional material, fees, and educational therapies for disabled students. It also increases to $20,000 the limitation on distributions from 529 plans for elementary and secondary school expenses.

Further, the bill provides for an increased gift tax exclusion for contributions to 529 plans and limits tax-exempt bond financing to states that implement school choice laws.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: ACE Act

Also known as: Achieving Choice in Education Act

Latest action (Dec 14, 2023): Referred to the House Committee on Ways and Means.

Policy area: Taxation · Origin: House · Introduced: Dec 14, 2023

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.